Citi sets A$64.40 target for BHP stock alongside Kambalda sale

Published on 10/13/2026 at 09:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Citi kept Hold and set A$64.40 target on October 12, 2026. BHP stock trades at EUR 76.25 on October 13, 2026, with FY2026 revenue up 14.60 percent.

Key points in brief

Citi maintained a Hold rating and set an A$64.40 target for BHP on October 12, 2026.
BHP agreed to divest the Kambalda Nickel Concentrator and related rights to Gold Fields on October 7, 2026.
BHP stock was trading at EUR 76.25 at Lang & Schwarz on October 13, 2026 at 9:37 a.m. CEST.
Fiscal 2026 revenue reached USD 58.76 billion, up 14.60 percent year over year.

BHP, US0886061086, Illustration mit AI erstellt.

BHP (ISIN US0886061086) agreed on October 7, 2026, to divest its Kambalda Nickel Concentrator and related mineral rights to Gold Fields. On October 12, 2026, Citi analyst Ephrem Ravi maintained a Hold rating and set an A$64.40 price target, according to Markets Insider.

Kambalda sale reshapes nickel exposure

According to BHP on October 7, 2026, Gold Fields will take ownership of the concentrator, tenements and mineralization rights after conditions including regulatory approvals are satisfied. Completion is expected during calendar year 2027, while BHP will continue managing the facility until the transaction closes.

The sale separates one asset from BHP's wider Western Australia nickel portfolio. The remaining suspended nickel operations are scheduled for a broader review by February 2027, with the outcome likely to determine whether the group sells, restarts, keeps suspending or closes additional assets.

What does the sale change?

The transaction has no disclosed consideration, so the measurable investment signal is portfolio direction rather than immediate revenue. BHP's latest company release also places the decision in the context of a suspended nickel business, while copper and iron ore remain the larger earnings drivers.

Revenue reached USD 58.76 billion

BHP reported revenue of USD 58.76 billion for fiscal 2026, the year ended June 30, 2026, up 14.60 percent from USD 51.26 billion in fiscal 2025, according to TickerScout. Attributable profit rose 9.00 percent to USD 9.83 billion, while underlying EBITDA, a non-IFRS measure, increased 26.80 percent to USD 32.95 billion.

The chronology shows a changing earnings mix. For the half year ended December 31, 2025, BHP reported revenue of USD 27.90 billion, up 11.00 percent year over year, before the fiscal-year result confirmed a larger contribution from copper.

Dates investors can track

BHP's next operational review is scheduled for October 20, 2026, covering the quarter ended September 30, 2026, according to the company's investor center. The Kambalda transaction is expected to complete during calendar year 2027, subject to regulatory approvals.

Price stays below the yearly high

BHP stock was trading at EUR 76.25 at Lang & Schwarz on October 13, 2026 at 9:37 a.m. CEST. The primary listing is on the NYSE, where the finance quote showed USD 86.72 at October 12, 2026 at 8:00 p.m. UTC; the same source showed a 52-week range of USD 52.18 to USD 98.71 and market capitalization of USD 220.3 billion.

The further course of trading is shown by the continuously updated real-time quote of BHP stock.